Investors with plenty of money to spend have taken a bearish stance on Lululemon Athletica lulu.
And retailers should know this.
We noticed this today when trades appeared in the publicly available options history we track here at Benzinga.
Whether these are institutions or just rich people, we don't know. But when something this big happens with LULU, it often means that someone knows something is about to happen.
So how do we know what these investors just did?
Today, gasolineThe options scanner detected 13 unusual option trades for Lululemon Athletica.
This is not normal.
The overall sentiment of these deep-pocketed traders is split between 38% bullish and 61% bearish.
Of all the special options we discovered, 7 are puts, for a total amount of $328,019, and 6 are calls, for a total amount of $322,980.
What is the target price?
Looking at the volume and open interest in these contracts, it appears that the big players have been eyeing a price window of $420.0 to $495.0 for Lululemon Athletica over the last quarter.
Volume and open interest analysis
In terms of liquidity and interest, the average open interest for Lululemon Athletica options trades today is 365.42 with a total volume of 194.00.
In the chart below, we can follow the development of volume and open interest of calls and puts for Lululemon Athletica big money trades within a strike price range of $420.0 to $495.0 over the last 30 days.
Lululemon Athletica Option Activity Analysis: Last 30 Days
Largest options trades observed:
| Symbol | SET/CALL | Type of trade | Feeling | Exp. Date | exercise price | Total trade price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| lulu | CALL | TRADE | NEUTRAL | 04/05/24 | $490.00 | $69.2 thousand | 107 | 0 |
| lulu | PUT | SWEEP | BEARISH | 06/21/24 | $420.00 | $66.6 thousand | 186 | 38 |
| lulu | CALL | TRADE | BULLISH | 06/21/24 | $470.00 | $62.6 thousand | 382 | sixteen |
| lulu | CALL | TRADE | BEARISH | 04/19/24 | $450.00 | $58.5 thousand | 435 | 47 |
| lulu | PUT | SWEEP | BEARISH | 03/22/24 | $450.00 | $56.4 thousand | 653 | 17 |
About Lululemon Athletica
Lululemon Athletica designs, distributes and markets athletic apparel, footwear and accessories for women, men and girls. Lululemon offers pants, shorts, tops, and jackets for sports and leisure activities, such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats and equipment. Lululemon sells its products through more than 680 owned stores in 19 countries, e-commerce, retail outlets and wholesale accounts. The company was founded in 1998 and is headquartered in Vancouver, Canada.
Current position of Lululemon Athletica
- The trading volume amounts to 219,586, and the price of LULU fell by -0.01% to $457.7.
- The RSI indicators show that the stock may be approaching overbought.
- The announcement of results is expected in 9 days.
Pro Analyst Ratings for Lululemon Athletica
In the last month, 1 experts published ratings on this stock with an average price target of $525.0.
- A Needham analyst has revised his rating down to Buy, adjusting the price target to $525.
Options trading involves higher risks, but also offers the potential for higher profits. Smart traders mitigate these risks through continued education, strategic trading adjustments, utilizing various indicators, and staying attentive to market dynamics. Stay up to date with the latest options trades for Lululemon Athletica with Benzinga Pro for real-time alerts.
